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Malta Permanent Residency

Malta has obtained popularity as a residency option for numerous families, businesses, and investors. The country meets the demands of the global market with its economic environment. In addition, this country is perfect for foreign investment because of its geographical location, stable political environment, and high-quality facilities.

Due to its reputation for stability, security, and predictability, Malta has become one of the leading investment locations in Europe. The country attracts investors and businesses with the Malta Permanent Residency Program (MPRP) with flexible investment options. 

It’s a straightforward program based on property investment and government distribution. The PR in Malta provides residence rights to foreign nationals seeking alternative residence in Europe.  The program requires applicants to meet specific investment requirements, including renting or buying property in Malta and making numerous mandatory contributions.

The program of Permanent Residency in Malta takes four to six months to process from the submission of the proper and complete application. The program gives value to people who wish to make Malta their second home.

Malta PR

Benefits of Malta PR

Malta is a member of the European Union. The country allows its citizens to travel to other EU countries without an additional visa. Apart from this, you enjoy the following benefits with Malta PR:

  • You can get benefits from visa-free travel in the Schengen Area.
  • You can keep your residence permit without visiting Malta.
  • You can obtain the right to stay, settle, study, or live in the country
  • You can include family members of up to four generations in the Malta PR.
  • You can invest in the affordable real estate of Malta.
  • You must maintain the investment for atleast five years.
  • You can get access to a low-cost and effective jurisdiction.
  • You can enjoy an attractive tax regime.
  • The Malta Permanent Residency allows you to enter the country anytime and stay there as long as you want. In addition, permanent residents are not obliged to reside in this country.

Eligibility Criteria for Malta PR

Before starting the process to apply for Malta PR,  you should ensure that you are eligible for the Malta Permanent Residency.

The following are the eligibility requirements for this Permanent Residency:

  • You are a third-country national. It means you are not from the EU or EEU state.
  • You are not a citizen of a country that the agencies sanction.
  • You should own a capital asset of a minimum of EUR 500,000.
  • You must have no or clean criminal record.
  • You should have a sufficient fund in order to support yourself and your dependants in the country.
  • You do not benefit from other pertinent schemes and regulations.
  • You cannot pose any potential threat to the national security, public policy, public health or public interest.

The requirements for obtaining Malta PR

There are a few requirements you must fulfil to get Malta PR. It is essential to meet these requirements to avoid complications while obtaining permanent residence in this country.

Below is the list of requirements to obtain this PR:

  • The age of the primary applicant must be over 18 years old. In addition, he or she must provide an affidavit declaring that from the date of the application.
  • The primary applicant must have in their possession capital of no less than EUR 500,000 (EUR 150,000 of which must be in financial assets).
  • You should get a health insurance policy to cover all health risks throughout your stay in Malta.
  • You should also obtain Travel insurance to cover your travelling expenses across Schengen.
  • You must apply for the Malta Permanent Residency program through a licensed agent.
  • You must pay the one-time application fee of EUR 98,000 for the lease route or EUR 68,000 for the property acquisition.
  • You must rent property in Malta for EUR 2,000 per annum. Remember, the amount is EUR 10,000 for the South of Malta and Gozo
  • A local charitable organisation or non-governmental organisation must receive a 2,000 EUR donation from you.
  • You have to provide a valid travel document.
  • You must purchase a property in Malta for EUR 350,000. The amount is EUR 300,000 for the South of Malta and Gozo.
  • For each additional adult dependent, you should pay an extra EUR 7,500.

Apart from these requirements, you must meet other requirements to get permanent residency through Malta PR.

Documents Required for Malta PR

Submitting the required documents is one of the necessary steps to obtain permanent residency in Malta. Therefore, you should first understand the documents required to obtain this permanent residency. 

Below is the list of documents to get the Malta PR:

  • Signed cover letter
  • Power of attorney document
  • Proof of funds and wealth resources
  • Bank statements from banks of the country
  • Employment proof (if needed)
  • Valid international passports
  • ID Cards issued by the government of the country
  • Birth certificates
  • Marriage certificate
  • Residential address proof of abroad country
  • Evidence of code of conduct from the police
  • Divorce certificate(s) (if needed)
  • Military records (if needed)
  • Verification documents if the parent of the minor is not an applicant but has signed his or her form
  • Evidence of conduct of the due diligence process
  • Form MRVP6 and your biometric data and all dependents over the age of 12 and any/all donors/benefactors.
  • Business ownership evidence (if applicable)
  • Affidavit of dependency (if applicable)
  • Form MRVP1, MRVP2 (personal data), MRVP3 (medical test reports), plus Form MRVP4 (declaration dependent) as applicable

Apart from these documents, the relevant authorities may ask you for more supporting documents.

The Process of Obtaining a Malta PR

  • Initially, you must prepare your documents and start your application. Remember, you should pay EUR 10,000 government fees along with your application.
  • You should wait for the due diligence process to be ended. Once it’s completed, you will get a Letter of Approval in Principle.
  • You must visit Malta to submit your biometric data.
  • Lastly, you must make your investment, donate the required amount, and settle the balance of the administrative fee.
  • Finally, you will receive the Maltese Residency Permit.

Why Choose Us

It might be difficult to obtain Malta PR for numerous people, especially for those who do not know anything about this. The process of applying this program might be complex. Flyingcolour Relocation Services can help you obtain this permit with a straightforward method. In addition, we can clear any doubts about Malta PR because we have a team of experts with deep experience.

How can we help you?

Interested in Malta PR for yourself or someone else?  Let us help you! Our experienced staff and immigration attorneys know exactly how to manage a Malta PR case. For a consultation, call +971 4 4542366 or email us at info@flyingcolour.com.

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